Financial Institutions in India & World Notes – Objective Questions and answers PDF

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Financial Institutions in India & World PDF – Current Affairs and Static Awareness For RBI Grade B, NABARD Grade A and UPSC:

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World Bank

Question 1: The Headquarters of World Bank is located in which of the following cities?

a: Geneva, Switzerland
b: Vienna, Austria
c: Washington DC, USA
d: Paris, France
e: New York, USA

Question 2: Who among the following is the current President (May-2018) of the World Bank Group?

a: Kristalina Georgieva
b: Jim Yong Kim
c: Antonio Guterres
d: Irina Bokova
e: Takehiko Nakao
Question 3: Who among the following persons is the CEO of World Bank?

a: Werner Hoyer
b: K V Kamath
c: Jin Liqun
d: Takehiko Nakao
e: Kristalina Georgieva

Question 4: Who among the following is the country director for India of World Bank?

a: Onno Ruhl
b: Junaid Ahmed
c: S Aparna
d: Urjit Patel
e: Soumya Swaminathan

Question 5: Who among the following is the Executive Director of World Bank for India, Bangladesh, Bhutan and Srilanka for three years from 2017?

a: S Aparna
b: Suma Chakraborty
c: Raghurama Rajan
d: Junaid Ahmed
e: Subhash Garg

World Bank Group is an International Financial Institution which is constituted of five Institutions
International Bank for Reconstruction and Development International Development Association
International Centre for Settlement of Investment Disputes International Finance Corporation

Private Sector Arm of World Bank,that offers investment, advisory, and asset-management services to encourage private-sector development in developing countries

Multilateral Guarantee Agency
Founding Fathers of World Bank and IMF
John Maynard Keynes and Harry Dexter White
There are at present 189 countries – members of World Bank Group

 

Question 6: Decision to create World Bank along with International Monetary Fund was formulated at which of the following world conferences in 1944?

a: Edinburgh Missionary Conference
b: Smithsonian Conference
c: Bretton Woods Conference
d: Havana Conference
e: Imperial Conference

Question 7: Which of the following countries is the largest shareholder (17.25%) of the World Bank’s total subscribed capital?

a: Japan
b: China
c: USA
d: Germany
e: France

Question 8: India is not a member of which of the following sister organizations of the World Bank Group?

a: International Finance Corporation
b: Multilateral Guarantee Agency
c: International Centre for Settlement of Investment Disputes
d: International Bank for Reconstruction and Development
e: International Development Agency

Question 9: Which of the following International Finance Organizations is providing technical and financial assistance to the flagship Jal Marg Vikas Project of Government of India?

a: International Monetary Fund
b: International Bank for Reconstruction and Development IBRD – World Bank
c: Asian Infrastructure Investment Bank
d: Asian Development Bank
e: European Investment Bank

Question 10: Which of the following governments has recently approved Rs 4000 Crore for Nanaji Deshmukh Krishi Sanjeevani Yojana (Climate Resilient Agriculture Project) 70% of the funds will be assisted by World Bank?

a: Maharashtra
b: Madhya Pradesh
c: Odisha
d: Chhattisgarh
e: Jharkhand

Question 11: Which of the following state governments has recently launched Water ATM Project which is jointly financed by World Bank, Asian Development Bank and Japan International Cooperation Agency?

a: Odisha
b: Telangana
c: Kerala
d: Maharashtra
e: West Bengal

Question 12: Which of the following ministries has recently constituted a Livability Index Programme in 116 Indian Cities funded by World Bank?

a: Ministry of Commerce and Industry
b: Ministry of Road Transport and Highways
c: Ministry of Housing and Urban Development
d: Ministry of Home Affairs
e: Ministry of Social Justice and Empowerment

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Question 13: As per the recent report – Global Economics Prospect released by World Bank in January 2018, the growth rate of India in 2018 is projected at which of the following rates?

a: 7.5%
b: 8.0%
c: 7.3%
d: 6.8%
e: 7.2%

Question 14: As per the recent report – Global Economics Prospect released by World Bank in January 2018, the growth rate of India in 2019 and 2020 is projected at which of the following rates?

a: 7.5%
b: 8.0%
c: 7.3%
d: 6.8%
e: 7.2%

Question 15: Which of the following International Organizations is providing USD 440 Million loan to Mahindra Renewables Pvt Ltd, Acme Group and Actis LLP to build rewa solar park in Madhya Pradesh?

a: Asian Development Bank
b: Asian Infrastructure Investment Bank
c: European Bank for Reconstruction and Development
d: International Finance Corporation
e: European Investment Bank

Question 16: Government of India and World Bank has signed a loan agreement of USD 120 Million with which of the following state governments in January for water supply program to peri-urban areas?

a: Andhra Pradesh
b: Uttarakhand
c: Odisha
d: Assam
e: Maharashtra

Question 17: World Bank has in January 2018 signed a loan agreement of USD 300 Million with which of the following countries for undertaking reconstruction works after the devastating earthquake in 2015?

a: Srilanka
b: Philippines
c: Vietnam
d: Nepal
e: Cambodia

Question 18: What is the rank of India in the Ease of Doing Business report published by World Bank?

a: 100th
b: 182nd
c: 78th
d: 54th
e: 37th

Question 19: World Bank has recently signed a loan agreement of how much amount for Jal Marg Project on Ganga with Inland Waterways Authority of India?

a: USD 935 Million
b: USD 1 Billion
c: USD 85 Million
d: USD 375 Million
e: USD 750 Million

Question 20: Punjab Housing Finance Ltd has signed an MoU with International Finance Corporation – a part of World Bank Group for raising how much amount for green and affordable housing in India?

a: USD 425 Million
b: USD 750 Million
c: USD 800 Million
d: USD 1.5 Billion
e: USD 230 Million

Question 21: World Bank in its report in march 2018, India development update:  India’s growth story has projected India’s GDP growth rate for 2018-19 at what rate?

a: 6.9%
b: 7.3%
c: 7.5%
d: 8.2%
e: 8.5%

Question 22: Maharashtra Government has signed a loan agreement of how much amount with world bank in April 2018 for project on climate resilient agriculture to help small and marginal farmers in marathwada and vidarbha region of the state?

a: USD 420 Million
b: USD 775 Million
c: USD 254 Million
d: USD 175 Million
e: USD 932 Million

Question 23: As per the recently published report – Migration and Development brief by World Bank which of the following countries has emerged as the highest recipient of remittances at Rs 69 Billion in 2017?

a: UK
b: USA
c: France
d: China
e: India

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Reports Published by World Bank Group
Ease of Doing Business India Ranks 100th
list topped by New Zealand
World Development Report Global Economic Prospect Report
Ease of Living Index India Development Update
Universal Health Coverage Index Remittance Report

 

International Monetary Fund

Question 1: The Headquarters of International Monetary Fund is located in which of the following cities?

a: New York, USA
b: Washington DC,USA
c: Geneva, Switzerland
d: Oslo, Norway
e: Pairs, France

Question 2: Who among the following is the Managing Director of International Monetary Fund?

a: Kristalina Georgieva
b: Jim Yong Kim
c: Kristine Lagarde
d: Takehiko Nakao
e: Jin Liqun

SDRs – Special Drawing Rights are supplementary foreign exchange reserves, introduced and managed by International Monetary Fund which are used by the member countries of IMF. “XDR” unit of SDR is not actually a currency but a basket of currencies consisting of US Dollar, Yen, Pound Sterling, EURO and Chinese Renmimbi

Question 3: How much percentage of each member country’s quota is paid in the form of Special Drawing Rights maintained by International Monetary Fund?

a: 50%
b: 75%
c: 51%
d: 25%
e: 10%

Question 4: What is the present voting share of India in International Monetary Fund?

a: 2.3%
b: 2.65%
c: 1.77%
d: 3.05%
e: 4.34%

Question 5: Which of the following countries has the highest share of quota in International Monetary Fund?

a: Japan
b: Germany
c: China
d: USA
e: UK

Question 6: What is the rank of India in the list of world’s largest economies as per the World Economic Outlook published by International Monetary Fund?

a: 6th
b: 10th
c: 8th
d: 3rd
e: 5th

Question 7: Which of the following countries topped the list as the world’s largest economy by World Economic Outlook Report published by International Monetary Fund?

a: Japan
b: Germany
c: France
d: USA
e: Russia

Question 8: As per the World Economic Outlook report published by IMF in April 2018, India is expected to grow at what rate in 2019?

a: 7.8%
b: 7.4%
c: 7.6%
d: 7.2%
e: 7.5%

Question 9: As per the World Economic Outlook report published by IMF in April 2018, India is expected to grow at what rate in 2018?

a: 7.8%
b: 7.4%
c: 7.6%
d: 7.2%
e: 7.5%

Question 10: Financial system stability assessment report and Financial System Assessment is jointly published by IMF and which of the following organizations?

a: Asian Development Bank
b: Asian Infrastructure Investment Bank
c: World Bank
d: European Investment Bank
e: European Bank for Reconstruction and Development

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Reports Published by International Monetary Fund

Global Financial Stability Report

World Economic Outlook

 

Reserve Bank of India

Question 1: Who among the following is the current governor of Reserve Bank of India?

a: Dr Viral Acharya
b: S S Mundra
c: Dr Urjit Patel
d: Raghurama Rajan
e: B P Kanungo

Question 2: Reserve Bank of India has been established on April 01 1935 under which of the following acts?

a: Banking Regulation Act
b: Negotiable Instruments Act
c: Payment and Settlements Act
d: Reserve Bank of India Act
e: Public Sector Banks Act

Question 3: Which of the following organizations is a fully owned organization of Reserve Bank of India?

a: National Housing Bank
b: EXIM Bank of India
c: DICGC
d: Bharatiya Reserve Bank Note Mudran Pvt ltd
e: None of the Above

Question 4: Government of India in January 2018 has passed NABARD amendment bill 2018, raising the authorized capital of NABARD to Rs 30,000 Crore along with transferring of equity held by RBI in NABARD to Government of India, how much percent equity of NABARD is held by RBI earlier?

a: 1%
b: 12%
c: 0.4%
d: 16%
e: 6.4%

Question 5: Which of the following states is setting up a NBFC as the state financial services ltd for efficient management of funds, the NBFC will be registered with Reserve Bank of India?

a: Telangana
b: Karnataka
c: West Bengal
d: Haryana
e: Gujarat

Question 6: Which of the following states has registered a state industrial health clinic as NBFC with Reserve Bank of India in January 2018?

a: Telangana
b: Maharashtra
c: Kerala
d: Rajasthan
e: Himachal Pradesh

Question 7: As per a recent study by Reserve Bank of India, housing loans upto which of the following slabs has the highest level of Non-Performing Assets?

a: Housing Loans upto 75 Lakhs Slab
b: Housing Loans upto 50 Lakhs Slab
c: Housing Loans upto 30 Lakhs Slab
d: Housing Loans upto 02 Lakhs Slab
e: Housing Loans upto 100 Lakhs Slab

Question 8: As per a recent census of foreign liabilities and assets of Indian direct investment companies 2016-17, published by Reserve Bank of India, which of the following countries has emerged as the largest source of FDI in India in 2016-17?

a: Singapore
b: USA
c: UK
d: China
e: Mauritius

Question 9: Which of the following liquidity management tool was introduced by RBI recently that was suggested by Dr Urjit Patel in 2014?

a: Repo
b: Reverse Repo
c: SLR
d: Bank Rate
e: Standing Deposit Facility

Question 10: Reserve Bank of India has constituted a committee headed by which of the following persons for reviewing issues related to classification of assets and rising cases of frauds in banking industry?

a: Narasimhan
b: Y H Malegam
c: Y Subba Rao
d: Dr Urjit Patel
e: Dr Viral Acharya

Question 11: Reserve Bank of India in February 2018 has raised the exposure limit under exchange traded currency derivatives to which of the following amounts?

a: USD 250 Million
b: USD 100 Million
c: USD 500 Million
d: USD 750 Million
e: USD 900 Million

Question 12: Concept of Payment Bank has been recommended by which of the following committees constituted by Reserve Bank of India in 2014?

a: Narasimhan Committee
b: Y V Subba Rao Committee
c: Tarun Ramadorai Committee
d: Y H Malegam Committee
e: Nachiket Mor Committee

Question 13: Reserve Bank of India in March 2018 has enhanced higher position limits for foreign portfolio investors to go long in interest rate futures by which of the following amounts?

a: Rs 10000 Crore
b: Rs 7500 Crore
c: Rs 3750 Crore
d: Rs 5000 Crore
e: Rs 15000 Crore

Question 14: Reserve Bank of India has recently lifted the per borrower loan cap to be considered for Priority Sector Lending for MSME customers, what was the earlier loan cap per borrower for Micro and Small Units to be considered for Priority Sector Lending by the Banks?

a: 5 Crore
b: 2 Crore
c: 1 Crore
d: 10 Crore

Question 15: Headquarters of Reserve Bank of India is located in which of the following cities?

a: Mumbai
b: New Delhi
c: Hyderabad
d: Chennai
e: Nagpur

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RBI Grade-B Free Mock Tests

Reserve Bank of India fined Banks/ Financial Institutions in 2018 for various reasons

Bank/Financial Institution Amount Reason
Axis Bank Rs 3 Crore Non Compliance of Income Recognition and Asset Classification Norms
Indian Overseas Bank Rs 2 Crore Non Compliance of KYC Norms
State Bank of India Rs 40 Lakhs For failing to follow RBI’s direction on detection and impounding of counterfeit notes
Equitas Small Finance Bank Rs 10 Lakhs Non-compliance with one of the licensing conditions stipulated by RBI
Airtel Payments Bank Rs 5 Crore

for flouting Know Your Customer (KYC) norms and operating guidelines

Financial Stability Report is an important report published by Reserve Bank of India from time to time

NABARD

Question 1: The Headquarters of NABARD is located in which of the following cities?

a: New Delhi
b: Lucknow
c: Mumbai
d: Bangalore
e: Chennai

Question 2: Who among the following is the current chairman of NABARD?

a: Mohammad Mustafa
b: David Rasquinha
c: Harish Kumar Bhanwala
d: Ajay Tyagi
e: TS Vijayan

Question 3: NABARD was established by the recommendations of which of the following committees in the year 1981?

a: Narasimhan Committee
b: Y V Subba Rao Committee
c: B Sivaraman Committee
d: Y H Malegam Committee
e: Uday Kotak Committee

Question 4: NABARD has recently extended Rs 14,600 Crore funding to which of the following state governments for irrigation projects, construction of roads and drinking water supplies in the state?

a: Odisha
b: Rajasthan
c: Bihar
d: Tamilnadu
e: Assam

Question 5: Government of India has recently approved to enhance the guarantee available for availing credit by National Agriculture Cooperative Marketing Federation (NAFED) from existing Rs 9500 Crore to which of the following amounts?

a: Rs 25000 Crore
b: Rs 19000 Crore
c: Rs 15000 Crore
d: Rs 40000 Crore
e: Rs 29000 Crore

Question 6: India’s first insect museum has been inaugurated in which of the following states?

a: Telangana
b: Tamilnadu
c: Karnataka
d: Kerala
e: Andhra Pradesh

Question 7: Krishi Vignan Kendra situated in which of the following states has been awarded the Pt Deendayal Upadhyay Krishi Vignan Protsahan Award 2017 in march 2018?

a: Chhattisgarh
b: Rajasthan
c: Maharashtra
d: Odisha
e: Karnataka

Question 8: North East India’s first regional center for agriculture in collaboration with Israel is inaugurated in which of the following states in February 2018?

a: Assam
b: Sikkim
c: Meghalaya
d: Tripura
e: Mizoram

Question 9: Government of India has sanction Rs 1500 Crore for organic farming in which of the following states in February 2018?

a: Rajasthan
b: Jammu and Kashmir
c: Bihar
d: Uttarakhand
e: Kerala

Question 10: NABARD has announced an area development plan of Rs 1918 Crore to which of the following state governments in February 2018?

a: Madhya Pradesh
b: Uttar Pradesh
c: Gujarat
d: Punjab
e: Jharkhand

Question 11: Who among the following has inaugurated the Agricon and Agri expo 2018 at the Chandrashekar Azad University of Agriculture and Technology in Kanpur, UP

a: PM Narendra Modi
b: President Ram Nath Kovind
c: Minister of Food Processing Industries – Harsimrat Kaur Badal
d: Minister of Commerce and Industry – Suresh Prabhu
e: Minister of Home Affairs – Rajnath Singh

Question 12: The Authorized capital of NABARD has been raised to which of the following amounts from existing Rs 5000 Crore by amendment of NABARD Bill in January 2018?

a: Rs 60,000 Crore
b: Rs 15,000 Crore
c: Rs 30,000 Crore
d: Rs 10,000 Crore
e: Rs 20,000 Crore

Question 13: Which of the following state governments has launched the Zero Budget Natural Farming Project in January 2018?

a: Telangana
b: Himachal Pradesh
c: Gujarat
d: Haryana
e: Karnataka

Question 14: Which of the following state governments has approved Rs 4000 Crore for Climate Resilient Agriculture Project – Nanaji Deshmukh Krishi Sanjivani Yojana?

a: Madhya Pradesh
b: West Bengal
c: Odisha
d: Sikkim
e: Maharashtra

Question 15: 4th ASEAN – India Ministerial meeting on agriculture and forestry is held in which of the following cities in January 2018?

a: New Delhi
b: Jaipur
c: Chennai
d: Mumbai
e: Bangalore

Question 16: 10th Global Forum for Food and Agriculture was held in which of the following cities?

a: New Delhi, India
b: Geneva, Switzerland
c: Berlin, Germany
d: Vienna, Austria
e: Melbourne, Australia

Question 17: NABARD along with which of the following banks has signed an agreement with 5 NGOs to promote 2500 joint liability groups in select districts of West Bengal?

a: Bank of Baroda
b: YES Bank
c: State Bank of India
d: Punjab National Bank
e: Canara Bank

Question 18: NABARD has provided a loan assistance of Rs 372.51 Crore to which of the following states for irrigation and rural bridge projects in January 2018?

a: Telangana
b: Odisha
c: West Bengal
d: Karnataka
e: Rajasthan

Question 19: Which of the following banks has introduced a credit card facility to farmers recently, the card has been launched on a pilot basis in Madhya Pradesh, Gujarat and Rajasthan?

a: Bank of Baroda
b: Punjab National Bank
c: YES Bank
d: Federal Bank
e: State Bank of India

Question 20: Who among the following ministers has launched India’s first agri-options in Guar Seed by NCDEX?

a: Minister of Commerce and Industry – Suresh Prabhu
b: Minister of Finance and Corporate Affairs – Arun Jaitley
c: Minister of Food Processing Industries – Harsimrat Kaur Badal
d: Minister of Consumer Affairs  – Ramvilas Paswan
e: PM Narendra Modi

Asian Development Bank

  • Headquarters of Asian Development Bank is located Mandaluyong, Philippines
  • Takehiko Nakao is the President of Asian Development Bank.
  • This financial institution is established on 19 December 1966.
  • Asian Development Outlook is an import report published by Asian Development Bank every year
  • Asian Development Outlook Report 2018 published in April 2018 highlights: – India’s economic growth rate is projected at 7.3% in 2018-19 and 7.6% in 2019-20.
  • Japan is the largest shareholder of the Bank’s equity at 15.7%.
  • Shareholding pattern of India is 6.4% which is 4th largest shareholder in the bank.
  • Government of India in January 2018 has signed a USD 250 Million Loan Agreement with Asian Development Bank for Rural Road Projects in five states – Odisha, Assam, Madhya Pradesh, Chhattisgarh, West Bengal covered under Pradhan Mantri Gram Sadak Yojana.
  • Government of India in February 2018 has inked USD 84 Million loan agreement with Asian Development Bank for improvement and expansion of water supply in select districts of Bihar.
  • Afghanistan section of TAPI gas pipe line has begun recently in February 2018, the TAPI project is funded by Asian Development Bank.
  • Government of India has signed a USD 120 Million loan agreement with Asian Development Bank for completion of projects to improve infrastructure and operational efficiency of Indian Railways.
  • Government of India has signed a loan agreement of USD 80 Million with Asian Development Bank to modernize technical and vocational education and training in Himachal Pradesh.
  • Asian Development has signed an in principle for Rs 1700 Crore to Uttarakhand for development of Infrastructure and creating of sewage treatment facilities in Urban areas.
  • Asian Development Bank has 67 member countries of which 48 are from Asia and Pacific Region, 19 from outside these regions.

 Asian Infrastructure Investment Bank

  • The headquarters of Asian Infrastructure Investment Bank is located in Beijing, China
  • Jin Liqun is the President of Asian Infrastructure Investment Bank
  • China is the major shareholder of AIIB @ 26.06% of the total shares.
  • India is the second largest shareholder of the Institution @ 7.5%.
  • The Bank has an authorized capital of USD 100 Billion provided by 84 member countries as in 2018.
  • Aim of the bank is to exclusively address Infrastructural requirements and promote regional cooperation in Asia – Pacific region.
  • Asian Infrastructure Investment Bank along with World Bank has extended USD 140 Million loan agreement for enhancing rural connectivity in Madhya Pradesh in April 2018.
  • Asian Infrastructure Investment Bank in February 2018 has approved loans of USD 1.5 Billion for infrastructural related projects in 2018. It also includes USD 200 Million commitment to India’s National Investment and Infrastructure Fund to spend on housing and urban development.
  • Asian Infrastructure Investment Bank is planning to issue its first US Dollar denominated bond with a minimum worth of USD 1 Billion in June 2018.
  • India has become the largest borrower from Asian Infrastructure Development Bank in 2018 @ USD 1.5 Billion loans.
  • India will be hosting the 3rd annual meeting of board of governors of Asian Infrastructure Investment Bank in Mumbai, Maharashtra in June 2018.

New Development Bank or BRICS Bank

  • The headquarters of New Development Bank or BRICS Bank is located in Shanghai, China.
  • President of the New Development Bank is K V Kamath
  • NDB was proposed by India at the 4th BRICS Summit in New Delhi
  • The present subscribed share capital of the Bank is USD 50 Billion which will be enhanced soon to USD 100 Billion.
  • Each member of the 5 BRICS nations, the founding members, contributed USD 10 Billion each with a voting right of 20% each in the bank.

European Investment Bank

  • The headquarters of European Investment Bank is located in Luxembourg
  • The president of the European Investment Bank is Werner Hoyer
  • The member countries of the Bank is European Union, which is established in 1958 under the treaty of Rome.
  • The institution is the world’s largest public finance institution
  • European Investment Bank has signed a loan agreement of EURO 150 Million with Indian Renewable Energy Development Agency for financing renewable energy projects in India.

European Bank for Reconstruction and Development

  • The headquarters of European Bank for Reconstruction and Development is located in London, United Kingdom
  • Sir Suma Chakrabarti is the current president of EBRD
  • EBRD is owned by 65 member countries and 2 EU Institutions
  • Primary investment of EBRD is in private sector enterprises
  • India is one of the contributing member of the European Bank for reconstruction and development and has recently joined the bank as its 69th member in March 2018.

International Finance Corporation

  • International Finance Corporation is one of the member organization of the world bank group which is Private Sector funding arm of the World Bank
  • International Finance Corporation is headquartered in Washington DC, USA
  • Philippe Le Houerou is the CEO of International Finance Corporation.
  • International Finance Corporation has provided a loan assistance of USD 440 Million to Mahindra Renewables Ltd, Acme Group, Actis LLP to build the Rewa Solar Park in Madhya Pradesh.
  • International Finance Corporation has tied up with PNB Housing Finance Ltd to raise USD 800 Million for green and affordable housing in India.

     World Trade Organization

  • The headquarters of World Trade Organization is located in Geneva, Switzerland
  • Robert Azevedo is the current Director General of World Trade Organization
  • WTO officially commenced on 1 January 1995 under the Marrakesh Agreement
  • 123 nations signed the agreement on 15 April 1994, which replaced the General Agreement on Tariffs and Trade (GATT.
  • WTO was established after the decision at the Uruguay round.
  • The highest decision making body of the World Trade Organization is the Ministerial Conference which meets one in two years.
  • The general council of WTO constituted four bodies which oversee various operations:
  • Council for Trade in Goods
  • Council for Trade in Services
  • Council for Trade related aspects of Intellectual Property Rights
  • Trade Negotiations Committee
  • Informal meeting of the World Trade Organization ministerial meet was held in New Delhi in March 2018
  • Peter Sutherland the former Director General of WTO (last director general of GATT before WTO was formed from 1993 – 1995) passed away in January 2018.

 World Economic Forum

  • The Headquarters of World Economic Forum is located in Cologny, Switzerland
  • The executive chairman and founder of World Economic Forum is Klaus Schwab.
  • The forum is known for its yearly 5-day meeting in Davos, Switzerland where around 2500 delegates from across the world meet to discuss important issues related to political, social and economic situations over the world. The theme of 2018 meeting is Creating a shared future in a fractured world.
Reports Published by World Economic Forum
Global Competitiveness Report
Global Environment Performance Index Report
Global Information Technology Report
Inclusive Development Index Report
Global Gender Gap Index

 

Bank for International Settlements

  • The headquarters of bank for international settlements is located in Basel, Switzerland
  • Agustin Carstens is the present General Manager of bank for International settlements.
  • BIS hosts the Basel Committee on Banking Supervision which regulates and prescribes capital adequacy through its BASEL – I, II and III Accords
  • CRISIL has recently upgraded the outlook on 18 Public Sector Banks from Negative to Stable after the Capital Infusion announcement by Government of India which will help the banks to meet the capital adequacy requirements under Base III accord and thereby improve financial risk profile.

 African Development Bank

  • The headquarters of African Development Bank is located in Abidjan, Ivory Coast.
  • Akinwumi Adesina is the current president of African Development Bank

European Union

  • European Union is an economic and political union of 27 Countries excluding UK (Brexit)
  • The headquarters of European Union is located in City of Brussels, Belgium
  • President of the European Council – Donald Tusk
  • President of the European Commission – Jean Claude Juncker
  • President of the European Parliament – Antonio Tajani
  • The Maastricht Treaty established European Union in 1993.
  • European Union was awarded the Nobel Peace Prize in 2012
  • EURO is the common currency of European Union with 19 out of 28 members adopting the currency.
  • European Union is the guest of honor at the World Book Fair held in New Delhi in January 2018.
  • Valletta, the capital city of Malta has been inaugurated as the Cultural Capital of Europe for one year.
  • European Union is the world’s largest trade bloc and the world’s largest economy.
  • India’s Department of Space has signed an agreement with European Union for mutual sharing of earth observation satellite data in February 2018.
  • Canada along with European Union is going to host the first ever female Foreign Ministers meeting in Canada.

OECD – Organization for Economic Cooperation and Development

  • The headquarters of OECD is located in Paris, France
  • The current Secretary General of OECD is Jose Angel Gurria Trevino
  • OECD has 35 member countries most of which are high on Human Development Index are mostly developed Nations.

 ASEAN – Association for Southeast Nations

  • The headquarters of ASEAN is located in Jakarta, Indonesia
  • Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam are the ten member states of ASEAN
  • India is not a member of ASEAN but a strategic dialogue partner of ASEAN which has recently completed 25 years of partnership in 2017.
  • ASEAN members were invited as the Chief Guests for the Republic Day 2018.
  • ASEAN was founded on 8 August 1967

SAARC – South Asian Association for Regional Cooperation

  • The headquarters of SAARC is located in Kathmandu, Nepal
  • The present Secretary General of SAARC is Amjed Hussain B Sial.
  • Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Srilanka are the member countries of SAARC.

OPEC – Organization for Petroleum Exporting Countries

  • The headquarters of OPEC is located in Vienna, Austria
  • As in 2018, the member countries of OPEC are 14 Nations.
  • Members of OPEC are Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia (the de facto leader), United Arab Emirates, and Venezuela.
  • OPEC countries account for 44% of the global oil production and have greater influence in the stability of the oil prices.
  • Kazakhstan has surpassed Iraq as the biggest oil over-producer in the pact of OPEC
  • Venezuela has the largest oil reserves in the world followed by Saudi Arabia. Recently, it has become the first currency in the world to launch cryptocurrency.
  • Iraq has overtaken Saudi Arabia as the biggest oil supplier to India in March 2018
  • International Energy Agency is established as per the framework of OCED and is headquartered at Paris, France.

APEC – Asia Pacific Economic Cooperation

  • The headquarters of APEC is situated in Singapore City, Singapore
  • It is a forum of 21 pacific rim countries which promotes free trade throught out the Asia – Pacific region.
  • The executive director of APEC is Alan Bollard and the chairperson is Tran Dai Quang
  • India is not a member of APEC but is accorded an observer status in 2011.
  • APEC Meeting 2017 was held in Vietnam and 2018 meeting will be held in Papa New Guinea

BRICS – Brazil Russia India China South Africa

  • The headquarters of BRICS is located in Shanghai, China
  • China hosted the 9th BRICS Summit in Xiamen in 2017 and the next meeting in September 2018 will be held in Johannesburg, South Africa
  • BRIC was formed in 2009 and South Africa became a member of BRICS in 2010
  • The phrase BRICS was coined by economist Jim O Neill

G 7 – USA Canada Italy France Germany UK Japan and European Union

  • G7 is an alliance of majority of the developed economies of the world.
  • The 44th meeting of the G7 countries in 2018 will be held in Canada in June 2018

G 20 Countries

  • G 20 is an international forum for governments and central bank governors of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, the Republic of Korea, the Russian Federation, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union founded in 1999.
  • It hosts separate meetings of Finance Ministers and Central Bank Governors

EXIM Bank of India

  • Headquarters of Export-Import Bank of India is located in Mumbai.
  • David Rasquinha is the current Managing Director of EXIM Bank of India
  • EXIM Bank of India is established in 1982 under Export – Import Bank of India Act 1981.
  • EXIM Bank of India has extended USD 45.27 Million loan assistance to Srilanka to develop its KKS Harbor.
  • EXIM Bank of India has extended USD 36.92 Million line of credit to finance the stung sva hab water resource development project in Cambodia.
  • EXIM Bank of India has provided a USD 500 Million Loan Assistance to fund various development projects in 15-member countries of economic community of west African states (ECOWAS).

 Small Industries Development Bank of India

  • SIDBI is a principle development financial institution established in 1990 by the act of parliament, headquartered in Lucknow, Uttar Pradesh
  • MUDRA Bank is a wholly owned subsidiary of SIDBI which caters to the credit requirement needs of MSMEs.
  • Mohammad Mustafa is MD and CEO of SIDBI.
  • There are three types of loans offered by MUDRA Bank (Micro Units Development and Refinance Agency)
  • Sishu – Loan amount up to Rs 50,000 to MSME is classified unded Sishu Scheme, the repayment period of the loan is 5 years.
  • Kishor – Loan amount from Rs 50,000 up to Rs 5,00,000 to MSMEs is classified under Kishor Scheme.
  • Tarun – Loan amount from Rs 5,00,000 up to Rs 10,00,000 to MSMEs is classified under Tarun Scheme.
  • The Banks which can offer mudra loans are Scheduled Commercial Banks, State Cooperative Banks, Micro Finance Institutions, eligible NBFCs and Regional Rural Banks with certain stipulated conditions as follows:
  • The net worth of the Banks/Financial Institutions should be atleast Rs 100 Crores.
  • The Banks/ Financial Institutions should have a CRAR of 9% and above.
  • The Banks/ Financial Institutions have been making profits for 3 years straight in a row.
  • The Gross NPAs of Banks/Financial Institutions is less than 3% or 3%
  • India’s first MSME Sentiment Index has been launched by CRISIL and SIDBI in February 2018 known as CriSidex.
  • SIDBI in march 2018 has partnered with CSC e-governance services to promote Udyami portal for the underserved and unserved MSME units.The entrepreneurs can apply for loans without physically visiting the branch with the help of this portal. 

Financial Action Task Force

  • The headquarters of Financial Action Task Force is located in Paris, France.
  • The president of Financial Action Task Force is Roger Wilkins
  • FATF is founded in 1989 with the initiative of G7 countries to combat money laundering at the Paris Summit.
  • FATF has 35 member countries and two unions European Union and Gulf Cooperation Council as members.
  • China was elected as the vice-chair of Financial Action Task Force.

 This PDF has covered all the major International and National Financial Institutions important for RBI Grade B, NABARD, UPSC, SBI PO, SBI Clerk and other competitive exams. Keep this PDF handy and revise once in a while to acquaint yourself with the important details of the organizations.
We will be providing more Bank Specific Capsules soon.  

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